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Volkswagen Considers Cutting Up to 50,000 Jobs in Restructuring

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Sig4.30Sen-5.98Env0.00Soc-6.43Gov-2.23

More than 10,000 workers rallied at Volkswagen’s Wolfsburg headquarters as CEO Blume urged unity ahead of one of the toughest restructuring drives in its history. Management is weighing cuts up to 50,000 jobs, with earlier reports suggesting up to 100,000 and possible plant closures. Labor representatives and Lower Saxony, a major shareholder, have prepared alternative turnaround proposals as tariffs and high production costs pressure German operations.

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